Mon Jul 14 11:11:50 UTC 2025: Here’s a summary and news article based on the provided text:
**Summary:**
The 17th BRICS summit in Rio de Janeiro drew sharp criticism from U.S. President Donald Trump after the group condemned his tariffs and the U.S.-Israel attack on Iran. BRICS, now encompassing 10 nations including new additions like Egypt, Ethiopia, the UAE, Iran, and Indonesia, demonstrated unity on these key issues. Trump responded by labeling BRICS “anti-American” and threatening further tariffs, citing concerns about the dollar’s global dominance. He also defended existing tariffs on Brazil and South Africa. This is not the first time Trump has lashed out at BRICS, particularly regarding the development of a BRICS Cross-Border Payments Initiative designed to reduce reliance on the U.S. dollar. While India has dismissed concerns about undermining the dollar, it remains committed to the BRICS alliance, which represents a significant portion of the global population, GDP, and trade. The summit underscored the increasing importance of South-South cooperation amid global tensions, highlighted the ongoing challenges of the Iran-Israel conflict, and emphasized the geopolitical significance of rare earth elements in the U.S.-China rivalry.
**News Article:**
**Trump Lashes Out at BRICS After Summit Condemns Tariffs, Iran Attack**
**Rio de Janeiro, Brazil – July 15, 2025** – The 17th annual BRICS summit in Rio de Janeiro has ignited a diplomatic firestorm after member nations released a declaration critical of U.S. trade policies and the recent U.S.-Israel military action against Iran.
President Donald Trump responded with fury, labeling the economic and political bloc “anti-American” and threatening to impose additional tariffs on member countries. “BRICS is not, in my opinion, a serious threat. But what they’re trying to do is destroy the dollar so that another country can take over and be the standard, and we’re not going to lose the standard at any time,” Trump stated.
The 10-member BRICS grouping, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, the UAE, Iran, and Indonesia, issued a statement expressing “serious concerns” regarding Trump’s tariffs, deeming them “inconsistent with WTO rules.” The declaration also condemned the recent strikes on Iran, calling them “a violation of international law and the Charter of the United Nations.”
Trump’s animosity towards BRICS appears rooted in the group’s efforts to reduce reliance on the U.S. dollar through initiatives like the BRICS Cross-Border Payments Initiative. As tensions rise, Republican Senators are even proposing a bill that places 500% tariffs on imports of oil and sanctioned Russian products, which would hurt Russia, as well as India and China, its two biggest importers.
While India has dismissed suggestions that BRICS intends to replace the U.S. dollar, the nation remains committed to the alliance, which now represents a substantial portion of the global economy.
The summit comes at a time of increasing global fragmentation, as detailed in an analysis by The Hindu. Experts point to the summit’s focus on South-South cooperation and the unresolved tensions surrounding the Iran-Israel conflict as key factors shaping the international landscape. Additional reports highlight the growing geopolitical importance of rare earth elements amidst escalating trade tensions between the U.S. and China.
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